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The cost of bitcoin and other crypto currency is essentially nothing, except for the huge demand and their prospects as a new technology. If there are willing to buy, then the rate will continue to grow. And now the number of investors is very large and, most likely, will only grow. Bitcoin has become incredibly popular in the media and the masses of people over the past year. Now many new investors are looking for an opportunity to purchase it.
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There are many reasons for this. You need to know what exactly happens inside each project. Sometimes the organizers are afraid that investors will not waste their Ethereum or Bitcoin on a falling market. Sometimes it comes from greed, when the team thinks to raise more money this way. But most often this extension ends with nothing.
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The current situation with the crypto-currency market looks negative. Almost all the higher currencies lost great value, although the cost of bitcoin is still relatively stable. On the other hand, for the speculators of prices for NEO, the current dynamics does not look very good.
The price of NEO is an excellent example of how things can get worse pretty quickly when the price of bitcoin starts to lose a little bit of value for no apparent reason.
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Offering airdrops and bounty campaigns, startups thus attract investors, prospective customers and offer to use their services or simply share information with the community to attract those users who are really interested in the project. In simple words, the aim of airpoids and bounties is the usual advertising. Therefore, large and well-known projects, as a rule, will not conduct such distributions.
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Now, for example, the cunning founder of the new ICO system and the people who invested in the new altcoin at an early stage (when these coins cost very little or did not cost anything at all) can use their odds (a large number of coins) and play to popularize this crypto-currency. They can create the illusion of attractiveness, for example, buying up coins from themselves and thereby raising the rate so that then these coins can be sold tens or even hundreds of times more expensive.
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At one point, when the number of coins approaches the set maximum, the calculated hash will simply stop receiving a reward. But the hashes themselves should still be calculated, otherwise the transactions will not be confirmed and users, respectively, will not be able to use the crypto currency - transfer it and pay it off.
In other words, while there are requests for transactions, the need for mining and miners will not disappear: without them, the network is inoperable.
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To learn how to earn bounty campaigns of successful ICO projects, you must have a long and serious preliminary preparation and basic knowledge of crypto-currencies.
Because it is neither theoretically nor practically impossible to cover all projects. Dozens of new projects appear every day.
It will be very useful to constantly study the discussions at special forums. Here you will draw for yourself a real picture of what is happening with different ICOs and bounty campaigns.
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For proper selection of the ICO project and the bounty campaign, it is important to pay attention to the developer's reputation. It is also important that the advertising campaign is broad, and even better, if it involves the participation of famous crypto personality. They should not only praise their projects, but also justify the advantages of this technological development.
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It is best to store in bitcoin, ethereum and several other strong crypto-currencies in proportion. Since if bitcoin grows in price, then it pulls up the prices of the other altcoins and this allows you to earn without much effort.
But sometimes, especially in such a market, as now, it is better to transfer the bulk of the deposit to fiat.
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I do not recommend using the Binance Coin crypto currency as a tool for investing, because this crypto currency has a different purpose, especially since any malfunction in the Binance exchange will entail a decrease in the value of BNB.
The Binance Coin Crypto currency is best used for its intended purpose - for trading on the exchange and saving on commissions.
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Bounty hunters get their tokens for not difficult work, therefore, they very easily relate to the received reward and are ready to spend it for their daily needs. In addition, recently, many projects show serious price failures of their tokens after the end of the ICOs. But I do not think that bounty hunters can influence the price reduction of the token, selling their rewards. The amount of bounty pool is usually very small.
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We must understand that, for various reasons, about 90% of ICO projects will result in losses for investors, and only one of ten startups will bring a high income.
And if you invest on your own, the best way to protect yourself is to check everything that can be checked, carefully select candidates for investment. This is your money, and how thoroughly you study the project, it depends whether you will gain or lose investment.
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There are several basic strategies for dealing with coins received in bounty. Everyone chooses for himself what to act on. Personally, I try to treat each token individually at the stage of selecting the company's bounty. More often 30% of coins, and even, the greater half, at once I sell. Profit from the bounty is invested in other promising tokens or projects.
In exceptional cases, when there is a lot of hype around the project and I see the prospect in it, I leave the full volume of coins to better times.
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Those who from the very beginning made a bet on the necessary inexpensive crypto currency and decided to invest in it, having seen its potential value in the future, by the end turn out to be winners. As a rule, new digital coins are very cheap at first, but then some of them demonstrate such a rise in value, which was not predicted even by the most optimistic forecasts.
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The popularity of the crypto currency is determined by the novelty and great possibilities.
To pay for virtual money, only their number is used, so the crypto currency does not need a real expression. Digital payment means are protected by a cryptographic code, which makes them more reliable in comparison with "real" money. And because of the absolute decentralization of the emission of virtual coins, they can neither be counterfeited nor prohibited.
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