/biz/ - Business & Finance

>>52333354
Now you know crypto is centralized?
You don't have to kill your self, make the money and move on
But is there really money playing the game?

>>52333354
Defi is here fortunately and I could trade without storing crypto on some centralized platform like a Bitcoin maxi would

>>52334074
Btc maxis trade leverage on cex

>>52333354
Centralized as fuck. Hopefully a strong competition will come out for Binance.

>>52334092
Most of them are agriad of trading leverage on cex, some uses Dex for their leverage trading

>>52334007
How will you make money, I'm fucking getting all my money out once FX lets me withdraw.

>>52334092
Fucking front runners.

>>52333354
Biz look at bittrex
Old as fuck and no lending shit

>>52333354
Another newfag thinking theyre an oldfag moment in crypto. Oldfags know the only coin that matters is btc, which IS decentralized, so just try to accumulate as much btc as you can, and enjoy your life

>>52334775
Which competition are you talking about?
Do you think they is any one to compete with a core member of the higer body?
It seems you don't know whom the dude is, he's a fucking motherfucker ready to do anything to remain at the top

>>52334787
Do you mean trading leverage on dex is possible?

I haven't tried it before

>>52333354
Gambling is the worst. SO better play the games and possibly earn passive income on the way, than gambling the fuck out.

>>52334007
>Now you know crypto is centralized?
You can't proof that, bitch. All these damned crashes that happened recently had nothing to do with decentralized/blockchain aspect of crypto. It is mostly centralized. Look at Terra Luna, look at FTT now. Blockchain still has a hope

>>52334954
Yes, for some time now, I've been trading leverage with GMX & Takepile, the experience is awesome

>>52335464
>Blockchain still has a hope
as long as BTC and ETH remains speculative, it doesn't matter how revolutionary blockchain or smart contracts are, it's all going to be the same stupid grift as fiat and tradfi

>>52335464
Where's the hope here, pajeet?

>>52334954
You tied it, you get REKT. That's a fact.

>>52334854
If you don't look to other coins, you won't ever make no money in crypto.

>>52335675
There are other top chains that are making an impact. Polkadot, Avalanche, Polygon, Cosmos, you name them, legend.

>>52334855
Yeah, he played a bold chess move on FX

>>52334954
Yeah, cause you dumb

>>52335400
Gamefi is quite shady, name anyone you actually earned from.

>>52334854
>Oldfags know the only coin that matters is btc
Nah, these aren't called oldfags, they're called Bitcoin Maxis. Also oldfags supports diverse blockchain. Right now, blockchain gaming is gaining traction

>>52334775
I don't want no competition in CEXes. They expose crypto.. Just like the OP, it is better to play games that have play-and-earn feature

>>52334074
There's no need keeping your money in a centralized exchange. Not even Binance. Anything can happen.

>>52334854
You are just a fag thinking only BTC matters.

>>52335400
Anyone earning from gaming at this time? Do mention the game and I'll do my research if it's not a cash grab.

>>52336148
Best thing is to sort after low cap with high potentials and good utility. I think the whole SBF shit is a lesson and a blessing to some who short the market.

>>52334855
What Cz did is what govt do for some of this big banks that we know. Bailing them out. But most of the times ,we won't hear about it

>>52335400
Both are literally the same as gamblers play to win just like gamers. The striking difference IMO is the ability to create fun activities with gaming and have fun without having anything to lose.

>>52333354
Crypto will get decentralized once we get enough competing cex'es.

>>52334954
I think some DEXs on Avalanche are offering this. Trader Joe and sushi might be good places to start checking.

>>52336155
Avalanche is top on that list for me. Will be a good home for gaming projects for it's fast network.

>>52335464
>Blockchain still has a hope
The outcome of this event could even create less trust for crypto institutions. This is not good for adoption IMO.

>>52336908
Now CZ has a whole lot of power which is really not healthy for the space.

>>52335827
This actually strengthens the case for true DeFi and (again) illustrates the risk of centralized actors. But I doubt if regulators will be able to differentiate the two. Take a look at some Decentralized projects like Compound, Aave, and Avax, they are working just fine.

>>52336148
In the bear market holding large caps like ETH and BTC are the safe plays but it is also the opportunity to hunt for airdrops and also look for potential upcoming blue chips to accumulate once the market bottoms out

>>52333354
only the scams are not decentralized. If you invested in real projects (hint there are only three of them on the market) you're comfy right now.

>>52337198
No GRT too, so four.

>>52336980
I don't know those once on avalanche, but the ones on arbitrum and Fantom are my favorite, I'll love to give it a try

>>52336988
It is definitely a hub where blockchain gaming projects keep thriving for good. I'm seeing Avaxtars, DeFi Kingdom, gamestar+, Solitaire Blitz and many others kicking it off there

>>52337198
You can go ahead to name the so called real projects. CZ just made crypto seem like a money scheme.

>>52336957
But anything to gain? I think that's when we call it a scam.

>>52335400
Gambling is a no no, although leverage trading do seems to be a professional gambling, but I prefer play and earn games to every form of gambling IMO

>>52337555
There are some many gaming projects on there to mention. AVAX will do well long term and it's one token I am buying.

>>52334800
In time like this, diversifying is key, maybe you should try some play to earn games, that may give some passive income

>>52335644
What differentiate cex from dex anon?
Are there not all the same?

>>52336161
Yea, he made a giant move, it seems he's good at playing Poker, I will invite him to Gamestar+, so we can compete, I know I will win him

>>52337593
But it is a money scheme to some extent, apart from the fun aspect of it I'm getting from playing board games on the blockchain, nothing much is interesting than the money, we all need it, even as a gamer, you need the money to play more games

>>52336957
Take gamefi out of crypto, it becomes a money scheme, gamesfi has contributed a large crypto adoption, and many dudes are printing money through p2e games

>>52337766
You must be a rookie anon
Use Google, and you will know that with Cex, your funds are at risk, but with perpdex or dexes, your funds are safe.
Not your keys, not your money

>>52338044
>with perpdex or dexes, your funds are safe
Are they?
In case of e.g. Uniswap the trade itself might be safe, but how can you be sure that your wBTC is really backed with the real BTC? There's always some counterparty that "guarantees" this backing.

I wonder if Furie understands Pepe wouldnt even be a thing without the people he hates so much making him a thing.

>>52338044
On CEX, not your keys, not your funds.

>>52337617
Play and earn is entirely different to gambling

>>52336988
Avalanch seems to be a good chain for dexes and gaming project, is there any secret I am missing out on the chain?
Please tell me something

>>52338337
Yea, but on dex, with your keys with you, your funds are safe, one reason I prefer them to others, both DeFi, leverage, and other activities, dex is a better option

>>52338430
Almost any chain is good as long as it's barely used.
Let's assume that 1 to 10 trades will happen every second*, sometimes peaking to 1k.
What would happen to the order execution time? What will happen to the transaction fees? Will peaks be processed with no hiccups, or will those orders get stuck in a limbo where you can neither cancel/amend them nor speed them up, as was the case with some crypto transactions I had?

A single-server solution can easily handle this and more, keeping transaction cost constant. Unless a dex can be as good as this, there'll be room for cex'es.

* the average crypto trading rate is around 175 trades per second according to https://bitcoinist.com/how-many-trades-do-crypto-exchanges-actually-process/