Please tell me how to known a scam ICO to protect myself
BTW now i should buy ICO coin or buy coin on exchange?
Thank so much
You will have to develop your own system since some people have different standards for some things, for example I do not like icos that give bonuses, I know that many people in the forum love the bonuses but in my opinion this is nothing more than a way to try to make people to invest without checking the ico completely, not only that to me that seems like an attempt to get money as fast as possible which is a bad thing because it makes it seem as if the developers only care about the money. |
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Fiat and cryptocurrencies are going to exist together for a long time, but I think that as time passes more people will recognize the usefulness of cryptocurrencies and this will increase the amount of users, this is going to be great the only reason I do not use crypto that much is because there is not a single place in my country that is near me that accepts bitcoin but as soon as that begins to change I hope to replace fiat completely and to use only bitcoin for my transactions. |
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It seems to me that there is no point in talking about panic or negative psychological mood, especially if it's a professional trader. a person who knows how to manage the market, he easily copes with his emotions and knows how to act in order to minimize his losses in difficult situations.
Your mood is critical if you want to make money in trading, after all you are making money with your mind and with your appreciation of the market and if you are in a negative mood you are not going to take advantage of even good opportunities in the market just because you are being negative, which is why in many books about trading is recommended that you take some time off the markets when you suffer a big loss and you are unable to cope with it. |
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One of the biggest challenges with Bitcoin would be lack of adoption by many countries and central banks, this would affect the growth abit, but nevertheless the crypto community would need to develop many unique ways to solve this problem.
The lack of adoption by central banks and governments do not worry me and in fact I think it is natural, I think we are going to see more and more regulation that most people will not follow then it is likely more governments will ban bitcoin and people will still not care, this will keep happening until there is a crisis and governments try to do everything to keep themselves in power and the confiscatory measures will grow up but eventually they are going to give up seeing how ineffective this really is. |
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Same thing here! Continues news of hacking lead the bear market expand So is the market down because of the hack. The Coinrail hacker hacked decentralized crypto exchange Bancor as well, but no one is affected. That's why everyone is panicking. Probably the bear market will last longer more than expected.
In the past hacking had an effect on the price of bitcoin but the effects were only temporary, so I do not think the bear market is being expanded too much by the FUD generated by the hacks, at most some people are panicking and selling their coins but that is it, which is a bad news for many since I still see people with the hope the market recovers quickly and they are probably waiting that after some time passes and people forget about the hacks the price will recover and that is not going to happen. |
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That's the problem, they are aiming for quick benefits and not looking f or much larger future ahead, they came here to play with the price and treat bitcoin as an assets that can bring them easy access getting rich overtime, panics start from those holders that makes value collapses more and getting
harder being lifted as selling continues when price show some uptrend.
That is on them, most people looking for quick profits in this market or any market are going to fail, that is simply the way it is, many people get in this forum because they think they will be able to earn a lot of money easily and now they are finding that is not the case and the same happens with bitcoin, fortunately I always knew that an investment in bitcoin will take a lot of time to give me the desired profits and even with this crash my profits are very good. |
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Philip Nunn, an expert on the blockchain ecosystem, predicted that Bitcoin is going to reach this year from the lowest to 6000 dollars and the highest to 60000 dollars. The man recently indicated that he was camping on his positions, and that he expected a sharp increase in the price of the first digital asset in the coming months.
Lol that is not even a prediction, I can predict that bitcoin is going to have a value between zero and infinity and then claim that I was correct, while that guy is using narrower ranges the concept is the same, that is not a prediction at all the range is simply to wide for that prediction to be of any use as a prediction, but thanks to give us the name of the guy giving that prediction so I do not read one of his predictions ever again since it will be a waste of time. |
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I think as for now there are no "weak" hands at the market after a rally like the last one. Where are money, there always be retarded people trying to get rich over night, so they deserve scam ICO and stuff like this. It should be lesson for them. It is sad that we have too many scams, but it it the real life - where is big money, always be a lot of scammers.
This is something many people do not understand because we do not have a lot of money but it is true, the rich have many opportunities and advantages that allow to them to get even richer but just like icos many of those supposed opportunities are nothing but scams or unprofitable projects, the difference is that they get to meet those people face to face and they get detailed reports so if you are good at fundamental analysis you can avoid the scams something that is not possible with icos. |
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of course. the higher profit you get, the more risk you have. that is the rule and you must accept. but i believe that, the money will come to the people who trust and be patient enough
Being patient is key but it is not the only thing, many people do think that is enough and that is not true, you need also to get as much knowledge as you can so you can invest in icos or small cap altcoins, if you are able to become good enough at that then you are going to become rich without a doubt even if your starting capital is very small, it will take some time but it is completely worth it however if you go that route you also need to understand and accept that you can lose all your money. |
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Since the percentage of stupid people on this market is not too high, because cryptocurrencies are not for the stupid people but for the wise. I can say with confidence that humans stupidness are not one of the main factors that affect the price.
There are many intelligent people in this market but that does not mean that people do not make mistakes after all we are not perfect, also some of the most important mistakes people make have nothing to do with your intelligence but with the management of your emotions, for example panic selling, most people know they should not sell in panic but when you see the market crashing 70% it is very difficult to manage your emotions and to not sell in those circumstances. |
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Almost every single user and investor is depending on the December moment, Let's hope and have faith in bitcoin till the month of December and i am sure bitcoin will not disappoint us but we need to make sure that we do not do panic selling.
If you are depending in such an event to happen again then you are relying too much in your luck, as you may guess I want the price of bitcoin to go up again but I'm not relying on the price to go up that soon, besides if you do that and the price does not go up what are you going to then? Many people are going to feel disappointed and it is very likely that when their expectations are not met they are going to sell in panic, which is why you need to always have different plans in case the one you like does not happen. |
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The only way you can make money or profits when the market falls is you buy some good coins when the price is really low ad of course it wont stay low forever, set them on a sell order after you bought it in and next tjing you know you’ll have profits; but it would depend on how the market runs for that day or week.
There are basically two ways in which you can make money when the market is falling, one is to buy coins and hold them until they recover its previous price, this is similar to flipping houses, the second way is more complex you will need to short a coin and wait for the price to keep going down but this maneuver can be extremely risky especially if you have the bad luck of shorting the coin when a bull market is starting, but the possibilities of that happening right now are very low. |
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I did a number of mistake when I first started to get my hands on Bitcoin. I always lose more than I can profit that's why I started to diversify and got hold for altcoins. Trading made me recover and the most effective for me is scalping. Though scalping takes a really good timing and good observation to be successful.
It is a good thing that you found something that works for you, many people try to become traders and they fail and there is nothing wrong with that, however instead of moving on and trying to find another activity in which they can make money they keep insisting on trying to become successful at trading and as you may guess they lose their money, I know I do not have the time to become a good trader so I hold my coins, it is not as profitable but I get better results than most people that trade. |
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Maybe you can have the option of debt restructuring so you will have to talk to the creditor if he would like to take the option because the creditor would likely to just choose this than not receiving anything at all. Find an opportunity to have an extra income so that you can pay even small sums and reduce your debt.
Do not look for a one time big time solution like you will just gamble and hope to win so that you can pay it all because most likely you will just lose but instead have a list of all your debts then start from the small one so that when you are already paid out some of the creditors, it would lessen the weigh in your shoulders.
Having too much debt does not happen overnight, it is a process that most of the time it takes years or even decades and if you want to get out of it the truth is that it is going to take you almost the same amount of time to get out of the problem, however most of the people that get into debt problems are not able to come up with a long term plan to solve their problems because if they could they will not have those problems in the first place so they try some quick fixes that most of the time only makes things worse. |
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Bitcoin is like any other currency serving as a means of exchange so that anyone can use it like any other currency. Yes, we all frown on crimes, but do it as yourself; Who did not sin before the bitcoin came? What kind of money do they use? Crime will always be a crime whether there is bitcoin or not.
While your argument is correct you must not underestimate how dumb people can be, they are going to see that bitcoin is being used by criminals and it is possible they get convinced that something needs to be done despite that most of the shady deals over the world are closed with a hand shake and a bunch of dollars exchanging hands, I just hope that people are not that dumb to be convinced by that argument but I have started to have my doubts. |
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Is bounty programs impacting negatively or positively to the success of icos?
Bounty campaigns spread word that a new service or ico is around so I do not see how a bounty campaign could affect negatively the success of an ico unless it was found that they did not paid their participants but if that is the case then the bounty campaign will not be at fault, the failure of the ico will be the responsibility of the developers of the ico and their mistrustful behavior, but with the exception of that scenario a bounty campaign can only help an ico. |
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I agree with that blockchain technology will become popular in the future and i think cryptocurrency will follow it too, i'm not sure about cryptocurrency though but i think people will know more about crypto things and maybe 1 cryptocurrency can become very popular like bitcoin or the bitcoin itself.
The future of the blockchain is secure many business from banks and even governments like the blockchain and they think it is a great way to store information what they do not like is to have cryptocurrencies above it, now I think that eventually governments will begin to print their own cryptocurrencies, but how about decentralized cryptocurrencies? That is where the doubt about the future really is because governments are going to do everything they can to slow or to stop adoption. |
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Somehow you need to experience losing so that you will know how harsh this market can be. Experience is necessary so that you will know yourself as to how much loss can you take and if you are really a risk taker because this market is not for those people who wanted to stay in their comfort zone. Market is so volatile that one minute you are at a profit the next you are at a loss so you need to have a trading plan and an experience for you to survive and be profitable whatever the market condition is.
It is inevitable, while no one wants to lose money at the same time that is the only way to understand our mistakes, I remember hearing a professional coach of football saying that it is way more difficult to correct mistakes when you win than when you lose, if you win the players are not going to see the need to implement changes to a winning formula but if they lose they will do anything to improve the situation and the same happens in this market. |
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Taking cryptocurrencies to pay for goods and services is risky for traders themselves because of the high volatility of crypto currencies. The rate of any cryptocurrency changes so quickly that it would have to change the whole time of the price or attach to the dollar, which depreciates the use of cryptocurrencies.
That is a problem without a doubt, the volatile nature of cryptocurrencies can make it difficult for merchants to accept cryptocurrencies as a payment method, but as far as I can remember there are some services that allow you to convert your bitcoin immediately to fiat, that way you do not risk your profits in the market of cryptocurrencies, but those services come with a price and if the profits you get in your business are very small this could take an important part of your profits away from your pocket. |
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If scalability won't be fixed then its not a problem since I'm quite positive that bitcoin will never be used as a currency. People who knew about the technology will never use bitcoin as a currency instead use FIAT or use another crypto to do transactions online that is more convenient. We do have lots of choices when doing online transactions that is why other modes of payments will coexist with cryptocurrency for more options if one fails to deliver.
Sooner or later there will be new cryptos that will address this problem of scalability so no need to worry about bitcoin's flaws for it will remain an investment vehicle and a store of value.
If the scalability issue is never resolved then it is very likely that bitcoin will be used in a way similar to gold, it will be a store of value and will only be used for the bigger transactions, in that case we will need a coin that works like the silver of cryptocurrencies, and while many people call litecoin like that we will need something faster than that, however I'm confident the issue is going to be solved, bitcoin cash is simply facing this problem with bigger blocks while the original bitcoin and its developers took the choice of developing the LN, a project I support and I think it will be successful. |
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