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Do not expect big profits with that amount of money, but it can be a good sum if you can afford to lose it easily, remember that trading is quite complicated, so if you go there and you are not ready, the most likely scenario is that you lose that money in the first day
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In my opinion, it is normal that something like this happens, since we are having prices as low as at the beginning of last year, previously it was very easy to create ICOs because there was a lot of money in the market and people were anxious to spend it, but now the investors are much more cautious and only some icos receive the necessary funds to emerge.
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haha I totally understand you, and I'm sorry to tell you that you will never be satiated until you lose money in some bad investment, there will always be new coins that will attract your attention and they will make you lose or earn money again, renewing the cycle of addiction to continue buying more and more
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I don't think it should be a requirement, since the benefits don't come close to the level of complications it can bring, if exchanges are so worried about scammers, there are other methods that can work much better, such as implementing an automatic escrow system, in the end we are all anonymous people on the Internet and you don't know if the information we get is real or not.
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I agree with you, KYC should not be a requirement for bounties, nor for airdrops, in the end, I will not expose my identity to strangers on the Internet, I have no idea what they are going to do with it, so I do not think that a few tokens are worth to compromise my privacy.
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there are still very good bounties, only that the money they are paying is much lower, since the market is in a very strong recession, or at least it is so if we compare it with last year, where the bounties were a really lucrative business, now they are only worth if you do content creation because they are fewer participants and therefore the pay is higher.
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Investment usually drops at this time of year, because investors are usually calculating and observing how much they could do right now, that's why you have to wait for bonds at the end of years and that's when people start looking for new investments.
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In your specific case, what you can do is put watermarks on the translations you give out as samples, also remember to send them in pdf so they can not be altered, that will protect you against future scammers, likewise, it is always advisable to investigate any bounty before joining.
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In this low market it can be not very profitable to do campaigns if you have a low rank in the forum, remember that the higher the rank, the higher the profit, so sometimes it is better to do translation or content campaigns to make the most of the time.
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That's how this works, many times months of support for a campaign can go down the drain simply because they didn't reach a soft cap, you also have to see that the soft cap is not too high, because there are many projects that ask for an absurd sum of money, as if we were in a bull market, we have to adapt to the new market.
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That is normal that happens with the new technology, remember that there is no money for everyone, and undoubtedly many projects will fail before achieving something significant, especially now that the market is in decline, it is much more difficult to maintain.
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I believe that the security of cryptos depends more on users than any other external agent, in centralized transactions we trust our security to banks, cryptos be decentralized there is no one to back you, if you lose your private key or your password is quite difficult to recover, even if you send a transaction wrong, you can give it for lost.
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I believe that as long as the money flows in this market, the bounties will still exist, when no new ICOs come out, at that time we bounty hunters can start to worry, although there are many alts that still need those services even when they are really well established, because marketing is always profitable.
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I don't think so, we are simply seeing the inverse that happens in a dip, I imagine we could call it a spike, periods when the demand suddenly increases and so the price goes up, but then returns to normal in this downward trend, I think the rise has to be progressive to really stay in the market.
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Hodl is the most recommended tactic when we are in this market so bearish, you can also try something riskier and try to invest in an ICO that is coming out, that can greatly increase your capital, of course, with a high risk of failure.
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In the airdrops I have not had much success, I have participated in several that are not very good and usually the coins lose value before going out to the exchange so I do not recommend them, the best thing would be to specialize in a particular skill and look for that type of bounties, if you know how to program there are many bounties to look for bugs for example, if you can translate there are also bounties for that, and so on.
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I think that the price of altcoins is quite linked to the price of bitcoin, as the alts go up if bitcoin goes up and vice versa, I think this happens because there is a lot of parity between alts and bitcoin, most are changed alts-btc, if the conversion was fiat-alts alts would have much more independence in the price.
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It is possible that you can achieve it, especially if you use platforms like bounty0x that help you manage your bounties, but I don't think it's worth it, since the quality of your contribution are going to lower, if you have so much time to devote to the bounties it would be better if you produced quality content that pays much better in the end.
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I'm doing the payperblock bounty, as you can see in my signature, as I always say do your own research, but so far has worked quite well, the team has complied with the stakes and are a little strict with the rules, but if you comply you are rewarded, still do not get carried away by what anyone says and always investigate the projects first.
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Although they are similar currencies I think they focus on different problems, at least ripple is more focused on negotiating with banks so that it works as a payment method, and lite coin wants to work as a bitcoin but faster and more efficient, so you can not make a direct comparison, although I am financially inclined to ripple.
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