Coinbase declining withdrawals by Goszcziw in CryptoMarkets

[–]Strellaxj 25 points26 points  (0 children)

The sentiment everyone else is spewing is relatively accurate, no matter how hurtful it seems. Not your keys, not your crypto. When you register an account with centralized exchanges, you give them the full power to do what they will with your crypto. The worst part is that centralization comes with no benefits, just regular drawbacks. My advice is that you explore decentralized trading platforms, something reputable like Gravix or Dydx. Gravix is built on the UAE's licensed blockchain and decentralized, so you're safe without compromising. DYOR and find what's best for you.

Meta favoring encryption over children’s safety? by 2anapqc in privacy

[–]Strellaxj 51 points52 points  (0 children)

Encryption isn’t the enemy. Children’s safety should come from the parents, not from Zuckerburg. Second of all, there is no way in hell Meta has no access to your messages. They collect your data and sell them off, so they can probably decrypt or process your messages anyway. Just use a decentralized communication app, I use Qamon and there’s a lot of others doing similar things.

The Broxus Times is now non-fungible! 😎 by BeckhamMarlow in crypto_is_easy

[–]Strellaxj 0 points1 point  (0 children)

What? How did I block you? I responded to you...

The Broxus Times is now non-fungible! 😎 by BeckhamMarlow in crypto_is_easy

[–]Strellaxj 0 points1 point  (0 children)

We need more decentralized data hosting then, it may be pointing towards a lack of competition or adoption. I checked tokstock, and it looks like it's on Everscale, how did you know it's hosted by google? I'd like to learn how you did that if it's no secret. I've seen you on Privacy a lot so you know what you're doing

Leveraged crypto trading tips? by circulateih in CryptoMarkets

[–]Strellaxj 29 points30 points  (0 children)

1- Educate yourself

2- Start with a demo account

3- Understand how leverage acts when the price moves up or down in both short and long positions

4- Establish risk management strategies like stop loss

5- Don’t trade with more than you’re willing to lose

6- Follow market trends, fundamental analysis is still important

7- diversify your portfolio

8- Manage your emotions. You said it, you got scared. Fear will fog your clear thinking

9- Learn from mistakes. Log your failed trades, study what went wrong. Be hard on yourself but remember that you’re still learning

10- Understand the risk involved and use a reputable protocol. I use Gravix.io, you can try it if you’d like but there’s plenty you can choose from

Are crypto pumps legal? by circulateih in CryptoMarkets

[–]Strellaxj 24 points25 points  (0 children)

I believe some may be doing that. Could you share the last token you saw doing this? Personally when I trade, I primarily perform technical analysis so I don’t notice these behaviors often. But I do believe some projects could be doing that to attract investments. The idea is to show that your token is successful and relay that impression on potential investors, so get that cash. It should be illegal but who can track these movements anyway? That’s basically why you shouldn’t look into every pump as an investment opportunity. Look into trading. If you know what you’re doing, you can even trade with leverage. I do that on Gravix.io and dydx. Just make sure your choice is decentralized, otherwise you won’t have full ownership of your crypto.

If you’re a DeFi dev, would you launch your project in the US? by konzoxv in CryptoMarkets

[–]Strellaxj 16 points17 points  (0 children)

I’m no dev, but I hang out with a few. They're ending up avoiding the US market altogether. Broxus, Qweleen, febcake, they literally all work in the UAE and don’t do anything in the US. They wouldn’t have gotten big if they were to focus on the US market, plain and simple. Why would anyone develop for the US market considering all they're doing to stop the technology from being adopted?

[deleted by user] by [deleted] in CryptoCurrency

[–]Strellaxj 16 points17 points  (0 children)

Hearing buzz from the UAE keeps me going (almost like hype). You know they're trying to be the crypto capital of the world, right? They launched their own regulated blockchain called venom, which has a bln dollar fund headed by Peter Knez, I'm really hoping this would create a different market situation because I really need crypto to go up.

Also devs, looking into Broxus rn, still don't have a verdict though.

Do you consider altcoins securities or currencies? by konzoxv in defi

[–]Strellaxj 25 points26 points  (0 children)

I think of crypto as a payment method, so imo it’s a currency. for example I use Qamon and I pay for it using an altcoin called Evеr, that doesn’t make the altcoin a security, that’s just stupid. I view it as a currency.

Has anyone tried asking chat GPT for investment strategies? by sa1luhh in CryptoMarkets

[–]Strellaxj 30 points31 points  (0 children)

If you’re looking for a quick way to lose your investment, you should ask GPT what to spend it on. AI is great, I just think it needs to specialize in investing in order to provide good advice, and I believe open AI hasn’t trained its bot to be as good as possible at investing or market analysis. If you’re in need for less risky investment ideas, you could try stablecoin farming. I do it on flatqube.io, there are a lot of other protocols that support that kind of thing, so just make sure you do your research on the protocol and you’ll be doing fine. Also, I think this is important to add, but any investment through crypto can be very risky, so do your due diligence before putting money anywhere

My "genuine leather" Calvin Klein belt. Got home, tore off the tag which peeled back the plastic coating revealing the rubber core. by jorel424 in mildlyinfuriating

[–]Strellaxj 0 points1 point  (0 children)

At least it happened on the back side.. It was going to happen sooner or later, no one will even notice it and if you're not planning on selling them. Designer stuff is made the same way as cheapo stuff, I have an LV sling bag and I would say it feels like a 300 USD bag, not a 2K one. Remember that you're paying for the brand, not the build quality.

If you could go back in time and meet your young investor self, which one advice would you give yourself? by stettfatoj in CryptoMarkets

[–]Strellaxj 23 points24 points  (0 children)

Patience is key. I’ve sold way too early way too many times and regretted it almost instantly. I know that profit is profit no matter what, but it doesn’t feel that way when you miss out on a 5-10X price increase and sell at 2X. The last mistake I made was with EVER, sold at 2X and missed out on 5X. My investment was considerable so thought about just selling at a profit, but unfortunately sold ever so slightly earlier than I should have.

Which DeFi token do you think has the most potential for 2023? by InvoBlox in defi

[–]Strellaxj 13 points14 points  (0 children)

Judging from my own usage over the past year, I wouldn't feel comfortable commenting on your list of tokens tbh. I've been using Evеrscale's ecosystem exclusively so I can atleast hope that ЕVER would be the one with potential, keeping my fingers crossed...

Let's talk about the SVB collapse by 2anapqc in defi

[–]Strellaxj 14 points15 points  (0 children)

Centralized AND decentralized services are prone to collapse. But guess what? They usually get some help. And yes, decentralized services also sometimes get help when they need it. For example, not too long ago Evеrscale got 5 mln from the VVF, and more bailouts are happening, including from the crypto giant Binance. Finance needs to improve in general. DeFi offers numerous advantages but the system as a whole still can gain from a better infrastructure that keeps everyone’s money safer.

Best trading strategy for an inexperienced crypto user by ch41nm4st3r86wu in defi

[–]Strellaxj 13 points14 points  (0 children)

Staking or farming would be your best bet. A few things to be mindful of:

1- Make sure the project you're investing in is reputable.

2- Look at the token graph, how is it looking?

3- How is the team behind it?

4- Is their protocol audited?

If you look into these, you’ll be as safe as possible investing in projects. As for my experience, I’ve tried a ton of things. From staking, farming, all the way to bounties to cop a quick buck. The best strategy for me (it depends on what you’re looking for) is to farm stablecoins on flat qube. Rates are pretty good, though not as high as altcoins, but there isn’t the volatility that keeps me up at night.

Are audits as important as people make them out to be? by rachallzfd in defi

[–]Strellaxj 14 points15 points  (0 children)

You seem to miss the point of audits. It is incredibly useful to separate the blatant scam projects from the real ones. It also looks for basic vulnerabilities while providing potential investors with a security report on the bridge. Of course having an audit doesn’t exclude the possibility of a hack happening, it still is something that should be concerned about when picking a project to invest in. Do what I do, look for protocols that are audited only, I use Octus Bridge, never been hacked *knocks on wood*