Last week, I found an airdrop project in Telegram called Marco Protocol, the airdrop looked decent at the first stage, I earned 200 MAPC tokens and that was instant! But you only can withdraw from your MAP wallet when Airdrop program will end, that's good, I am okay with it. Their airdrop tweet got 8K retweet and 9K likes, so, you can understand how hype it had! But yesterday, they announced they are going to sell Bitcoin at a 50% discount to celebrate the halving. Can you imagine? 1 Bitcoin price is 8600 USD, people can buy by 4300$! I believe This is absolutely scam but many newbies already have fallen for that! As they saw MAPC has huge support in twitter, and they listed on CMC too. 50% off announcement: https://t.me/MAP_POB_channel/87 |
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Guys, did you notice how Kick token manipulated the crypto market? A few days ago, those 888888 kick token showing 700$ worthy in my account, I checked in CMC and was shocked that Kicktoken is in top 30 rank and Marketcap is huge! Then again after 2 days, the value dumped to 120$ and I did not find the KICK token in top 80 rank in CMC! Therefore why they are giving some frozen 6 digits token to most of the crypto supporter!?
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Fund raising is the main issue with STO projects, I guess it's the lack of trust that's affecting ICO since trust issue arise in crypto space in 2018 and mere looking at STO and ICO the different is not much, I hope STO can be successful
I don't think it's about the trust issue, because they are registered by the sec or law, that's why they called Security or Centralized token. But as crypto supporters don't like the Centralized system, maybe this is the main reason STO can't raise money from their sale. |
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Don't hold some good but random altcoins for a long time. If you still want to hold then don't leave their telegram group or other social accounts, check updates on a regular basis. Because if you just hold and keep it in a wallet for 2 years then who knows after 2 years your coin's value may turn into zero value, because of the swap!
I lost many coins because of swap things! Recently Insolar is swapping their token, I did not know about it, because I have been holding for two years but did not care enough as the price was very low! Today I was checking the Coinmarketap android app and saw Insolar coin increased by 530% but their ticker is XNS when I knew it was INS! So, I joined their telegram and get the updates about the swap! Unfortunately, If I fail to swap on time then all of the value of my holding coins will be zero! So, except Bitcoin, Ethereum, don't trust any coin for just buy and hold for a long time, rather keep updating yourself!
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Thank you everyone for replies. I understood my mistakes in thinking. Now, I am confirmed Binance is doing these only to attract big or new investors to gain more volume and to spread it widely! By doing this binance is spending 1.1 million USD, they are not getting money by giving away. So, this is a great and normal promotion scheme. Actually, I expected giveaways from Binance like Kucoin is doing, that's why my thought was that.
Thank you again, this is how this forum helps everyone, I had miss understanding or confusion, now I got the point.
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You need to ask yourself why would binance do that, what would be binance gain if investors with 1btc each start trading on their platform, it's simply to have more trading volume and Liquidity so this trading competition is not for those with 0.02btc, binance is doing the right thing, you just don't understand how things works
Mate, I got the points but maybe I failed to express what I wanted to ask! Binance does this trading competition almost every month in a year where they are giving money who are rich, I have no problem with that. But nowadays, when they come to a giveaway, even IEO bounty, they follow the same procedure like the trading competition where eligible entry is 1 Bitcoin! Are they demotivating the low funded users? Aren't they helpful for low amount traders? |
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Binance is the best exchange for everyone but it seems they don't care every trader rather only the rich one! They are making rich people richer when they have no plan for every type of trader! Binance is giving away 1.1 Million USD worth BNB coin to them who will trade over 1 Bitcoin with some rules! I really don't like this type of movements!
This does not only happen at Binance, but in many exchanges do the same thing. They hold a trading competition and the winners are those who trade the most You are right! Most of the exchange does the same type of promotion. They are not helping new traders to grow rather they are making rich people richer! I have been following them years, see they did not come with a giveaway for everyone, always they bring opportunity for the rich traders where Kucoin is doing far better! They are promoting in a more greater way as you maybe know about the Kucoinplay 1 million USDT giveaway! |
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Recently I have seen Blockburn IEO hit their hard cap within some hours in ChainX exchange! I don't get it, because ChainX is new and they are known wash trading exchange! Are they followed same scam way in Blockburn IEO? Within a few months, Chainx came in the top rank in CMC, which is absolutely fake! Emjack is here since 2019, I did not see anything good in that project, now with this suspicious way they are planning to dump their IEO investors! Shame for ChainX!
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It is nothing but dream  Maybe it will maybe not. We don't know when it will reach the dreaming price. But I believe that it will go too far one day. That we can't think of and we just regret it and think that if we held Bitcoin we would one day become millionaires. Just like those who sold Bitcoin 5 years ago. Absolutely! Right now I regret myself that I sold my Bitcoin for 500$ and now it is almost 10K USD! I assume after 5 years there will be many people like me who will regret because they did not buy in 2020! However, I have many dreams with the Bitcoin, but 1$ per satoshi seems daydream which is not possible in real! |
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Take a look at this incident from an entrepreneur's perspective. Let's assume you run a clothing business and you want to retain your loyal and big customers. So you start with deep discount package for your customers who will buy clothes worth 1000 grand during a certain period and offer fixed 30% discount to them for their next shopping session. You don't give the same to your small customers because they aren't profitable for you. It's business buddy! Big clients are the ones who give business to the exchange so it's no wonder Binance would want them to retain by providing such cash gifts! Nothing unethical or wrong here!
Same goes for banks as well. We have so many banks who provides preferential interest rates to their "ultra high net worth clients" just to keep their account in their bank. In a market bustling with competition, will always see such kind of preferential treatment towards the deep pocket individuals!
I know they are doing this for promotion purpose and there will be many new investors who will sell goods or coins to have 1 Bitcoin for trading in Binance. There is no wrong here, but as they are already the best exchange they should think about other traders who don't have 1 Bitcoin! Their all events are same, even their recent IEO bounty was the same which is not bearable for low volume traders! |
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I'm seeing a lot of Hydax shills here. Do they run a bounty or what? But anyway, some accounts are obviously made to shill one exchange or another.
Their $1 billion BTC trading volume looks legit. /s
The exchange looked decent where their recent bounty is just shit! I wanted to know more exchange name which is similar to Hydax or better than that, but I did not even imagine lots of people will answer with the same name! Maybe I need to lock the thread before getting more answer about Hydax, lol. |
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Binance is the best exchange for everyone but it seems they don't care every trader rather only the rich one! They are making rich people richer when they have no plan for every type of trader! Binance is giving away 1.1 Million USD worth BNB coin to them who will trade over 1 Bitcoin with some rules! I really don't like this type of movements!
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Theres Coinsbit and btse. Ive never tried trading there yet but their platform is easy to use. I just hope these new exchanges is not strict when it comes to KYC. Others just like me don't have passports yet.
As you haven't used them yet, I suggest you don't go for those exchanges. Coinsbit is a pure shit exchange, brother exchange of P2PB2B! Ignore that exchange by anyhow. About Btse? I did not see this exchange before. Maybe I will research about it anytime later! |
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Bounty related issue aside, i think I am impressed by hydax exchanges and how they have gone about with their developments.
Growing at a steady pace, having and building local communities to gain local supports.
Now initiated a Bounty program for marketing and to encourage trading on the platform either naturally or with bots.
You can't ask for me.
NB: This is my views, dyor always
Yes, Hydax has a unique marketing strategy, within a short time they build more than 6-7 regional communities! Though I am not impressed by their bounty campaign, even I am telling people to not join on that low rewards Hydax bounty, because of they shouldn't get a wide promotion by the bounty hunters by only 3000$! |
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This is really good news that a world-famous company like Samsung is offering crypto wallet! I have seen other news that Samsung will add PPT, BNB coin and some others! Though I will not use that, because I still believe there is no better wallet than a hardware wallet!
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So you saw that too, yesterday I raised question by seeing that shit bounty reward! But the sad part is, Not only newbie, but many high ranked members are also doing that bounty which shocked me badly! Bounty hunter needs to be practical, and do only good allocated bounty, otherwise, they will keep blaming themselves after every bounty ends! Bounty hunter should count the allocation in USD, later they should take the decision. Under 15-20K USD budget, we should avoid those bounties!
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Every year new exchanges are coming. Though most of them are shit or created to deceive traders but some are good too! I haven't seen any catchy potential exchange in these two months of 2020, but Hydax the new exchange which came in 2019 is looking great to me! Their user interface, chart, tradingview looks perfect, though the volume is still low and their bounty reward is shit but the exchange seems good. What do you think about it? Or is there any new exchange you like?
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I have been thinking that Bitcoin halving will change the crypto market scenario in this year! I thought Bitcoin price will be 20K USD plus after the halving! But when I researched all the previous halving, I realized it took 6 months to 1 year to impact in price. So, I think we will see a bull run in 2021, not this year anymore. It seems after the halving, Bitcoin price will go lower this year! All of this is my observation, I can't ensure though!
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Yes, you are right! Bounty hunter will never learn. Because whenever they see a bounty they don't waste time because they become busy to submit their POA! New participants are coming continuously, so, they won't do research which is normal, maybe I was the same when I was new! But mate I am really worried and feeling worst that how can high ranked member goes for those scammy, shitty low reward bounties!
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