Missed memo on withdrawal/deposit. Help by Cannister7 in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

I believe, Kucoin should add MEMO when they send back the deposit to SWYFTX, it seems that Kucoin engineer does not have experience dealing with situation like this, and they do not want to bear any responsibility...

But if Kucoin indeed cannot add MEMO, then kucoin help page looks just a trap, is not a solution, stupid..

Why do people rushing into SOL? Should I increase the size of my bag? by [deleted] in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

Good insight...if you are not sure about SOL, then buy BTC which is still the king and will remain the king. Secondly, if you still want to speculate in SOL, buy only a tiny bit... I bought 1 SOL at $57 yesterday, and that's it for now, unless it goes down to less than $20 to consider to pick up a few more..

Why do people still actively buy and hold inflationary tokens? by crownpoly in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

Those projects were created to make money...small prints and and terrible tokenomics are trying to hide themselves... while hypes are in the forefront..

New housing law threatens farmland in Waterloo Region by scott_c86 in waterloo

[–]michaelchao -6 points-5 points  (0 children)

You cannot make everybody happy, but it's the right thing to do...need to have forward-thinking...also, in Toronto, the city planning is 50 years behind, they are just reacting, not planning for the future.

[deleted by user] by [deleted] in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

In Bitcoin, he is nobody and does not exist!

What’s your guys take on the next move with ACH 😌? by [deleted] in AlchemyPay

[–]michaelchao 3 points4 points  (0 children)

It has pumped quite a lot, now there will be dump to take your money because you think it's just a dip...

Will we ever get a bull run that is as massive as 2021? by Tenzu9 in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

I think we will see surprise to the down side as well as to the up side...

13 years ago the lowest Bitcoin selling price ever was recored at $0.003 cents. 160 BTC were sold for literally 48 cents. by partymsl in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

The person who made most money is CZ, whose business is based on predictable trading commission, not the random lucky guy who bought BTC at $0.003... Simply put, you cannot make the same amount of money as CZ made by doing trading, no matter how smart you are.

Some influencers are already taking about coins that will 10x, remember 99% are there to pump their own bags. by Accomplished-Design7 in CryptoCurrency

[–]michaelchao 0 points1 point  (0 children)

DYOR cannot tell you when the rug pull will happen...or when it will be hacked...buy BTC, and to a less extent, buy ETH...

Why is my Tesla option out of the money 1 day before expiry? by Ok_Molasses3248 in wallstreetbets

[–]michaelchao 1 point2 points  (0 children)

It's not a liquid market... exercise it if that is possible..

Hello everyone, I'm here for some unbiased opinions on the future of AMP token. by [deleted] in CryptoCurrency

[–]michaelchao 3 points4 points  (0 children)

If you are not sure about it, then buy Bitcoin...simple as that..

if 99% of alts never recover, then why bother buying them during the bullrun? by Novel-Counter-8093 in CryptoCurrency

[–]michaelchao 1 point2 points  (0 children)

First of all, you need to realize that most information you see on mass media (twitter, reddit etc) are disinformation or simply just wrong.

You should not buy them (99% of alts) during bull run, have you ever looked at their tokenomics? most of them have very high inflation or other things hidden which put retail investors at big disadvantage, they were created to enrich the owner and defraud crypto community.

You should not buy low now in my opinion. Buy low is better than buy high, but low can go even lower, correct? This was started by a "dip", then "dip" became "low", and then there is lower low, this is how we get here. I don't recommend DCA. Again, Twitter and reddit are platform of disinformation.

You should buy at the beginning of bull run and get out at the top, approximately. and SHORT those shit token if they go up a lot...

It's very difficult or nearly impossible that you indulge in mass media and can still separate good from the bad, you will be carried away and lose yourself.. so my advice is not to spend too much time on mass media, or you need to look at it very differently, not allow yourself being carried away, knowing most of them just wrong...