Crypto Coins254

17/07/2024

Most people make bad decisions because they are so certain that they’re right that they don’t allow themselves to see the better alternatives that exist. Radically open-minded people know that coming up with the right questions and asking other smart people what they think is as important as having all the answers. They understand that you can’t make a great decision without swimming for a while in a state of “not knowing.” That is because what exists within the area of “not knowing” is so much greater and more exciting than anything any one of us knows.

19/06/2024

Bitcoin 🔥🔥 to the moon 🚀🚀🚀

15/06/2024

The main point is to buy Bitcoin so that you can use the Bitcoin to buy other AltCoins

09/06/2024

Which meme coin are you trading

06/06/2024

12/05/2024

Only in crypto bruh😂😂😂

09/05/2024

Changpeng “CZ” Zhao has been sentenced to 4 months in prison.

The founder and former CEO of Binance, CZ, will spend four months in prison. The prosecution demanded three years in prison, while the defense insisted on a suspended sentence.

We won’t go into detail about this high-profile trial (you can read about it on the internet), but we’ll note that the former Binance leader became the richest prisoner in U.S. history.

28/04/2024

Inflation in cryptocurrencies

In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.

Inflation in cryptocurrencies occurs when too many new coins are issued.

A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.

Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.

But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.

However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.

27/02/2024

3000%

If you put in 1 Million, its now 30 Million

People are printing too much money outside here in Cryptocurrency.

Meanwhile, there are people here who have REFUSED TO INVEST IN CRYPTO.

They are saying its SCAM.

18/02/2024

SCAM ALERT! CRIMINALS USING CRYPTOCURRENCY INVESTMENT PLATFORMS TO SCAM KENYANS

The DCI has noticed with concern the increase in reports of loss of hard earned money by Kenyans to scammers. Scores are being lured to join online cryptocurrency investment platforms and end up losing their investments to the fraudsters.

We are currently investigating several such cases where investors who fell for the scam are crying foul. In the modern-day hoodwink that has swept the Kenyan market, short messages (sms) that read “Make Money Sitting At Home” are being sent to random people, with a link to join the online investment platform.

With promises of high margins of profit as returns on investment, unsuspecting victims venture into the schemes and before they realize it, they've lost huge sums of money to scammers.

The DCI cautions Kenyans and any other person to beware of this scam, and advises them to verify the authenticity of any online investment platforms with Capital Markets Authority (CMA) and the Communication Authority (CA) respectively before investing their hard earned money.

Should you have information on anyone using this approach to scam investors, please contact us through the DCI toll-free hotline 0800722203.

18/02/2024

What is pre-mining?

You’re already familiar with the concept of mining, but today, we’re going to discuss “pre-mining,” which is a rather interesting phenomenon.

Pre-mining is a process whereby the creators of a cryptocurrency generate and distribute a certain amount of coins before its official launch on the market. Typically, these coins are distributed to developers, investors, and other interested parties before the asset becomes available publicly.

Pre-mining can have both positive and negative aspects.

On one hand, it can enable developers to finance a project and attract investors before the cryptocurrency launches.

However, on the other hand, pre-mining can raise concerns about the unfair distribution of coins and control over the cryptocurrency market.

Why be wary of projects that commit a “sin” by offering a pre-mine:

If a team initially has too many coins for itself and holds a noticeable percentage of the total supply (say, 30%), where is the guarantee that, at one point, these coins won’t be abruptly liquidated and the coin’s price will collapse?