A check on your wallet on daily basis can earn you some dollar - page 2.

albon

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Yes, I knew it was a rug-pull currency. The scam currency team manipulates liquidity and creates a fake pump. Not all currencies in our wallets are legitimate, as there are many scam currencies and rug pulls, so before the owner of the wallet tries to sell them or buy more amounts of them (under the illusion that it is an excellent opportunity and it will be achieved for him profits), He must do his research first before making any decision. The point is that each of us reviews his wallet daily, as it is a semi-good idea. Through Coinmarketcap or Coingecko, we can use the Watchlists feature for the favorite currencies that we invested in order to be constantly informed of their market prices and everything related to them, without the matter being manual and without paying any attention to any scam currencies in our wallets.

Heulahee

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That's a good one, I'm also checking my wallet at bscscan and etherscan because I had done many bounties and also I'm doing airdrops for which I was in search of the received amount every time haha. And mostly I checked for the previous bounties that I had did a long time ago, its my habit actually.

Stable090

sr. member

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.

If you are a trader you have to always check your wallet to know the situation of the coin you are trading, and if you are expecting a coin, then you have to check if it has entered or not. If you are holding shit coin or altcoin, then the magic that happened in the picture that you uploaded can happen, but if you are holding bitcoin I don’t believe something like that can happen.

Quote from: odunybiz on July 05, 2023, 12:20:29 AM

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Nothing is wrong with checking of wallet on a daily, but I don’t do that because I always end up making silly mistakes, it has happened to me multiple times before, am always having intention of holding my coin for long term, but if I keep on checking my wallet always and I see any little increase in a coins price I will always end up selling it and I will keep on waiting for it to come back to my entry price so that I can buy back, but most times it those not come back to those prices that’s why I don’t like checking my wallet always.

If I can buy my bitcoin to hold, then the only time I don open my wallet to check the bitcoin is whenever am having money and I want to top the bitcoin, but if am not going to do that, then I won’t open my wallet always.

kamvreto

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Quote from: Sovannar Sangha on July 19, 2023, 11:04:26 AM

Quote from: SeriouslyGiveaway on July 05, 2023, 01:11:05 AM

It is really risky. Your wallet can receive honeypot scam tokens.

You can verify those tokens with these websites and don't interact with their smart contracts if you are unsure.
8 ways to check if it's a token scam
https://honeypot.is/
https://detecthoneypot.com/
https://github.com/dappradar/tokens-blacklist

That's right, you have to be careful with lots of honeypot patterns. if we are tempted, one or another gets dusted attcak and runs out of gas it's useless if we take a swab. That's for sure. Why should we waste our time on something unnecessary.

Many have been hit by dusting attacks like that. interact with scam websites and get hit by dusting attacks or some of the new hacking methods nowadays, namely drained wallet, so all the tokens in your wallet can be stolen easily.

Quote from: TopT3ns on July 19, 2023, 11:11:34 AM

Quote from: rhomelmabini on July 19, 2023, 10:35:16 AM

Well, just checked his performance on CMC and it really pumped to half dollars but if you checked the volume on that day it only has $85k liquidity. I think you don't need to check your wallet everyday if you know the token will do good in the long term, this one is a total shitcoin and it pose really great risks of rug pull. Their twitter has been inactive since the beginning of the year but their token just pumped this May of 2023.

The way CoinMarketCap works sometimes means it cannot be used as the main benchmark because the possible price difference between the place of purchase and those on the CMC list is still different, causing the estimated value of assets owned to sometimes not match the calculations. When looking at performance, it shows extraordinary progress from the start of the creation of CMC until now, when they have always developed to be the best.

When you first look at CMC, sometimes there are errors or a mismatch between the Token price on CMC and the original price. Many of the shitcoins that I have checked on CMC reach thousands of dollars, but it's just a fake pump and the volume stays at zero and the shitcoins are worthless. and looking at the shitcoin information on CMC there are several lists of Exchange Listings and it actually doesn't have any volume and sometimes the names of some coins are the same. The development of CMC has been amazing and now several updates have made CMC more accurate and it is very rare for price or other mismatches to occur.

TopT3ns

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Quote from: rhomelmabini on July 19, 2023, 10:35:16 AM

Well, just checked his performance on CMC and it really pumped to half dollars but if you checked the volume on that day it only has $85k liquidity. I think you don't need to check your wallet everyday if you know the token will do good in the long term, this one is a total shitcoin and it pose really great risks of rug pull. Their twitter has been inactive since the beginning of the year but their token just pumped this May of 2023.

The way CoinMarketCap works sometimes means it cannot be used as the main benchmark because the possible price difference between the place of purchase and those on the CMC list is still different, causing the estimated value of assets owned to sometimes not match the calculations. When looking at performance, it shows extraordinary progress from the start of the creation of CMC until now, when they have always developed to be the best.

Sovannar Sangha

jr. member

Activity: 33

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LOW FIDELITY - HIGH POTENTIAL

Quote from: SeriouslyGiveaway on July 05, 2023, 01:11:05 AM

It is really risky. Your wallet can receive honeypot scam tokens.

You can verify those tokens with these websites and don't interact with their smart contracts if you are unsure.
8 ways to check if it's a token scam
https://honeypot.is/
https://detecthoneypot.com/
https://github.com/dappradar/tokens-blacklist

That's right, you have to be careful with lots of honeypot patterns. if we are tempted, one or another gets dusted attcak and runs out of gas it's useless if we take a swab. That's for sure. Why should we waste our time on something unnecessary.

rhomelmabini

hero member

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No God or Kings, only BITCOIN.

Well, just checked his performance on CMC and it really pumped to half dollars but if you checked the volume on that day it only has $85k liquidity. I think you don't need to check your wallet everyday if you know the token will do good in the long term, this one is a total shitcoin and it pose really great risks of rug pull. Their twitter has been inactive since the beginning of the year but their token just pumped this May of 2023.

justdimin

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Quote from: Ngemmeng on July 17, 2023, 10:38:07 AM

I often run into this kind of thing and unfortunately it's just a "bug" Grin

I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed.

This is the type of thing that matters a lot because people do not know what they are looking at. At the bull run I remember clearly there was a lot of a dust attacks, like people would send small amounts to people so they would join their project, and when they connect the wallet they would empty the wallet instead.

This happened to literally thousands of people, and it was such a situation but even after the first few people warned against doing that and told people not to do it and yet people still did it. I don't understand why people are doing this, like even after being warned, why would you still keep doing it. In any case, it's exactly like you said, and there is nothing further to check about the bug itself.

timoshani

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https://imgur.com/1d0UcY0

Quote from: southerngentuk on July 17, 2023, 01:51:24 PM

you should check your old exchange accounts and crypto wallets is a smart way to find valuable coins or tokens that you forgot or didn't recognize before. It is possible that if the projects are successful then the coin can have a significant value after a while. But caution is also required when interacting with token contracts on the block explorer. It is important to check the legitimacy and safety of the token to ensure that you are not exposed to risks or scams. Through reviewing, researching, and using trusted websites or services, you can check and evaluate the integrity of the token before interacting with it.

And if there are more than a hundred such wallets or accounts? It will take a lot of time to check all wallets. During this period, the price of tokens may drop significantly. There is a kind of lottery. Either I found out that some token had grown in price or accidentally found it in a nightmare. It is not smart to specifically monitor many accounts.

southerngentuk

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you should check your old exchange accounts and crypto wallets is a smart way to find valuable coins or tokens that you forgot or didn't recognize before. It is possible that if the projects are successful then the coin can have a significant value after a while. But caution is also required when interacting with token contracts on the block explorer. It is important to check the legitimacy and safety of the token to ensure that you are not exposed to risks or scams. Through reviewing, researching, and using trusted websites or services, you can check and evaluate the integrity of the token before interacting with it.

Xal0lex

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

It has only grown "on paper". In reality, no one will ever be able to make such a profit. The whole point is that such projects, without demand, can become very expensive in an instant. When they rise in price, it does not mean that the project will have a lot of buyers at the expense of which you can fix this profit. As soon as you try to sell even a fraction of it, the rate will plummet just as fast, as there will be much more supply than demand in the market. Never pay attention to such bursts of profitability, it's all a bubble, air created to make you pay attention to this coin and buy it.

AmoreJaz

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Quote from: AbuBhakar on July 17, 2023, 12:30:53 PM

Quote from: Godday on July 15, 2023, 02:48:49 AM

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

It won’t hurt you much to spend few seconds to check your wallet if you have a shitcoin on it. I remember I have many garbage tokens on waves that gives me a huge profit since one of them turns out to be a legit airdrop which the project get fundings for their listing.

The chance is slim for this kind of miracle on shitcoin but it’s possible. Deoge was trading way below to the current price and considered as total shitcoin before but now it has a huge value after Elon invest on it out of nowhere. No one will predict on what shitcoins will whale use to pump.

if you have alts sitting on your wallet, yes why not? but if there's nothing, of course it is just a waste of time checking your wallet. hoping that someone mistakenly sent some tokens, i don't think so.
and most of the time, those pump and dump tokens are hard to follow as you have no idea when will they pull off such stunt.
but if you have alts that are still actively trading in the market, wouldn't hurt if you check them once in a while to see where they are heading to.

AbuBhakar

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🇵🇭

Quote from: Godday on July 15, 2023, 02:48:49 AM

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

It won’t hurt you much to spend few seconds to check your wallet if you have a shitcoin on it. I remember I have many garbage tokens on waves that gives me a huge profit since one of them turns out to be a legit airdrop which the project get fundings for their listing.

The chance is slim for this kind of miracle on shitcoin but it’s possible. Deoge was trading way below to the current price and considered as total shitcoin before but now it has a huge value after Elon invest on it out of nowhere. No one will predict on what shitcoins will whale use to pump.

Ngemmeng

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SOL.BIOKRIPT.COM

I often run into this kind of thing and unfortunately it's just a "bug" Grin

I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed.

abel1337

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

With a chart like this, it sounds really fishy. It's either a sh*t coin that is pumped by someone to make a profit or a scam token like honey pot that makes people want to accumulate or get that token but in return, you wallet has the potential to get hacked. I don't like token like this because it is full of risk that we don't want to get involved with. I suggest to not interact with tokens like this given that there are meny victims who lost their money because of interacting on this kind of tokens. Whether losing value from a shitcoin or your wallet being hacked because it is exploited.

iv4n

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Quote

A check on your wallet on daily basis can earn you some dollar...

You will make some dollars if you sell from your wallet at a specific moment... but if you wait a bit longer before selling you can earn even more dollars! Or you can lose some dollars... Buy/sell, hurry/wait, every trader's daily/weekly dilemma...

So checking your wallet every day or every minute is meaningless if you are just watching... just relax and trust your investment. Add more from time to time, which can bring extra dollars in the future if you pick the right coin to invest in.

Apocollapse

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This coin isn't accepted in big centralized exchange and the liquidity is very low, there's a chance you can't sell even though you were noticed the coin surge up 3883217% at that time. I'd more believe with people who're receive an airdrop from a project by using their service when they were still new e.g. Uniswap.

It's not mean I want to convince you to use service from a new project, you're need to take a risk and there's no guarantee you will make money from it.

LogitechMouse

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Well, if you know that the wallet that you own has multiple tokens or coins then I guess checking once or twice a day is a good thing.
However, if you have a wallet that you didn't use in any airdrops, or anything aside from that wallet being used as a storage for some top coins like Ethereum then why bother checking it for once or twice.

I have a wallet on Daedalus (Cardano), and Keplr (ATOM), and TBH, I only visit them once a week. Why? Because I don't expect any airdrop coins coming from them except for ATOM who gives free coins for those ATOM holders who are staking their coin. On the other hand, looking at your wallet on a daily basis might cause you to get disappointed because of the losses that you might see. You might feel disappointed in yourself because you might see your tokens on that wallet being down double digit percentages in a single day.

Overall, there's nothing wrong with checking on your wallet on a daily basis as long as you aren't affected of the potential impermanent losses that you may see. Checking it hoping that you might get some tokens that has value? Probably it's worth it if you used that wallet in joining airdrops, or different bounty campaigns here.

wiss19

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You are probably not a day trader or someone who is actively buying or selling cryptocurrencies or even collecting tokens by either bounties, airdrops, etc., because a person doing any of that would obviously have at least one check on their wallet every day, I used to have some Bitcoins in my wallet back in the day when the price of it was way lower than $60k, I used to keep checking the wallet every day to see if they are increasing or decreasing.

And I don't think that a person can actually get any time to buy and sell such tokens which go high in such large percentages because they can rug pull any time and you will lose all your money if you have made a purchase and it rug pulls and doesn't even let you sell your tokens even at a loss.

Godday

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Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

Topic: A check on your wallet on daily basis can earn you some dollar - page 2. (Read 474 times)