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Buy the dip?

Buying the dip means buying crypto-assets at cheaper or lower prices. The dip has a bottom but you can ascertain the bottom without technical analysis and fundamentals. There are thousands of cryptocurrencies out there. For crypto assets with little or no utility, it's best to follow fundamentals.

The goal is to buy low and sell high but buying the dip isn't as simple as it sounds it involves market timing, and in short no one knows for sure how the market will turn out but we do our best to be on the safe side. Resist the urge to FOMO.

Buy the dip become an expression of everyone when there is a red market going on.

Note
Some people use this to lure newbies, like "buy the dip" so they can sell more, like manipulation in somehow. That's why there will always a meme about this famous line, like "They say buy the dip, but it still dips and dips". But this is one of the best ways to accumulate Bitcoin or other cryptos if you intended to hold it for the long term, buying some amount on dips (depends on how you prefer the dip, like x % of dump then you consider it as a dip).
AD Admin post this on 03 July 2021, 11:56 AM
0 Replies / 0 Votes / 40 Views / Admin have total +₦381 NTCoin

What is Dip in cryptocurrency trading?

A dip is basically when the price goes below the support line or better said below the intrinsic value. That definition makes a "dip" a worthy price to start buying.

The problem is to figure out the difference between a dip (where you would want to buy) and a dump (where you want to stay away) which all comes down to intrinsic value which is a very difficult thing to measure. We could use some technical analysis and mostly look at the past performance and decide what the intrinsic value of bitcoin is then decide based on that.

Let's take 2018 for example. Bitcoin's intrinsic value was somewhere between $6k and $8k so anything below those values was a dip and an excellent opportunity to buy bitcoin especially during the big accumulation phase in the $6k range. As you can see today anyone buying bitcoin then is currently enjoying a 480% profit.

This also means you can ignore the short-term volatility, drama, and market manipulation aka falling below $6k and reaching $3k.
AD Admin post this on 03 July 2021, 11:50 AM
0 Replies / 0 Votes / 25 Views / Admin have total +₦381 NTCoin

How to prevent Sybil Attack?

The best way to prevent a Sybil attack is to have at least one node whose identity is not public. To execute a Sybil attack, the attacker needs to know about all of your nodes and cut them off from the rest of the network accordingly. If you have one secret node, the attacker has no way to know to cut off that node, and you can be aware of the attack attempt.

A Sybil attack also does not need to have mining power if the victim is willing to accept 0/conf transactions.

Note
If the attacker knows of your connections, you do not have a secret node. The attacker knows of all the nodes you are using. If you are using public wifi, you could connect to your home computer (that is also a node), which connects (not via a node) to another node on a VPS that only you are aware of. The attacker might be able to Sybil your home computer node, but would not be able to Sybil your VPS node, and you can be alerted of the attack and act accordingly.

More Insight:
*Someone is running a node on a public WiFi network -- this is potentially vulnerable to a Sybil

*Your computer on the public WiFi network connects to your home computer via an encrypted connection -- your home computer is running a full node and is vulnerable to a Sybil if an attacker is attempting to attack you specifically, although this type of Sybil is more difficult to pull off.

*Your home computer has an encrypted connection to a VPS (or another computer on a different network) via an encrypted connection that will relay block/transaction information to your laptop via software other than bitcoin software. An attacker trying to specifically attack you will have no way to know they need to Sybil the node running on the VPS.
AD Admin post this on 03 July 2021, 11:19 AM
0 Replies / 0 Votes / 23 Views / Admin have total +₦381 NTCoin

Sybil Attack?

In this attack, the attacker fills the network with their nodes and could connect to your node and fill all its connection slots to effectively cut it off from the rest of the network. Then they can prevent your node from broadcasting transactions, seeing new blocks, etc.

The worst thing that can happen is if Sybil attack is combined with some mining power. The attacker, after isolating the victim's node, could perform a double-spend while cutting that node off from seeing the double-spent transaction and mine a block to contain an invalid tx (already spent) that pays that node's operator.
AD Admin post this on 03 July 2021, 11:16 AM
0 Replies / 0 Votes / 22 Views / Admin have total +₦381 NTCoin

How to buy cryptocurrency?

Learning how to buy cryptocurrency
You'll need a crypto exchange or cryptocurrency exchange platform where buyers and sellers meet to exchange dollars and local fiat for coins. We have different types of cryptocurrency exchange platforms, which are decentralized and centralized, and a few trusted systems to use when buying your preferred coins.

Using a decentralized cryptocurrency exchange platform means all your buying and selling activities will be anonymous. while a centralized cryptocurrency exchange platform may request your identity verification.

Where to buy cryptocurrency?
Binance offers the best cryptocurrency exchange platform with many buying and selling options, You can buy and sell with your master card, PayPal, bank, and peer-to-peer trading.

Looking for a better rate and bonus for buying and selling cryptocurrency?
Join Binance using our link - Start buying and selling now
AD Admin post this on 28 June 2021, 17:58 PM
1 Replies / 1 Votes / 49 Views / Admin have total +₦381 NTCoin

How to buy bitcoins?

Learning how to buy bitcoins
You'll need a crypto exchange or cryptocurrency exchange platform where buyers and sellers meet to exchange dollars and local fiat for coins. We have different types of cryptocurrency exchange platforms, which are decentralized and centralized, and a few trusted systems to use when buying your preferred coins.

Using a decentralized cryptocurrency exchange platform means all your buying and selling activities will be anonymous. while a centralized cryptocurrency exchange platform may request your identity verification.

Where to buy bitcoins?
Binance offers the best cryptocurrency exchange platform with many buying and selling options, You can buy and sell with your master card, PayPal, bank, and peer-to-peer trading.

Looking for a better rate and bonus for buying and selling cryptocurrency?
Join Binance using our link - Start buying and selling now
AD Admin post this on 28 June 2021, 17:56 PM
0 Replies / 0 Votes / 27 Views / Admin have total +₦381 NTCoin

What is cryptocurrency?

A cryptocurrency, crypto-currency, or crypto is decentralized digital money, based on blockchain technology.

Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. Crypto is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
AD Admin post this on 28 June 2021, 17:35 PM
1 Replies / 0 Votes / 51 Views / Admin have total +₦381 NTCoin
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