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I do not have enough money to invest in cryptocurrency. I have been suffering loss in the crypto market. I bought some altcoins some three years back. But price of these coins shed by almost 70 percent. Now I am planning to wait for bullish run to come and recover my loss. Till then, I will join bounty campaigns.
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I find non of these methods cool to grow my portfolios of altcoins. Rather I opt for bounty campaigns and airdrops to increase my alctoins. For bounty campaigns and airdrops, one does not need any investment. Just work for a bounty campaign and get free tokens in reward.
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Trading needs some knowledge about how cryptocurrency works in the market. We can get trading knowledge from experts and we can find tutorials on the internet. Without trading knowledge, one is expected to end up suffering loss. Most of investors including newbies tend to involve in trading without knowledge. So we need trading knowledge to reduce loss and get returns on investment.
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Yes there is chance that you can get free tokens from bounty campaigns or airdrops and can buy other popular coins with the earned tokens. But for that you have to pick legit and promising projects. Now there is difficulty to find honest crypto project at a time when the market is full of fake projects. So you have to research beforehand.
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Yes scam projects will surely affect the entire crypto space and it will affect genuine crypto projects. But genuine projects will eventually get a success no matter what impact scam projects have on them. I think regulations are the right way to discourage and stop scam projects from cheating and affecting the entire crypto market.
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I feel very bad that bounty hunters are always at the receiving end. You are right bounty hunters are rich only on the spreadsheet. It means many of bounty projects do not pay bounty hunters rewards for their hard works. Likewise, even if they are paid, their bounty tokens are sold for penny on exchanges. Their hard work is being undervalued.
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The main reason for ICOs to struggle to attract investors is the possibility that investors may get scammed in the name of ICO. There are many reports investors have been scammed in the name of ICOs. So IEO and STO have been born to replace ICO. IEO is becoming popular in the market lately. Hopefully, it will also do good in the future.
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In my opinion, I do not think cryptocurrency will go to zero. Many tokens may disappear and go to zero. But the technology behind cryptocurrency will never vanishes and goes to zero. I believe most of the tokens in the market will disappear if they fail to satisfy the need and aspirations of the customers. Bitcoin and ethereum will ever stay with us.
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Are there any crypto projects that guarantee investment security and profits for sure? I do not think there are any such projects guaranteeing any investment security. There maybe some certain features of a project that guarantee investment security. But these factors are not enough in the market where hype takes place.
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I appreciate your confidence and being so much optimistic about cryptocurrency. You have held these good 'things' at a time when the crypto market is facing difficult times and number of bounty campaigns are declining. But like many other, investors and bounty hunters, I do not have much belief in any crypto project that can give profits on investment.
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Bitcointalk username: Sjbi
Forum rank: Member
Posts count: (including your registration post) 802
Minter address: Mxa2f8407e1ba8979c40dbce029d1f5f10c61b98e3
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My greatest crypto regret was I sold off my all All.me tokens I got from my first bounty campaign right after it hit exchanges. I sold the tokens for low, but the token increased 1000 percent later. Now the token has remained stable at a certain point (at $0.15). Its ICO price was 0.01. I regret having sold the token.
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On the case of exchange account hacked, the exchange is more responsible for it and it should pay you. The report of exchange hacking is widespread and exchanges should be aware enough and take protective measures to ensure safety. And on the part of regulated bodies, they should also take action against hackers to discourage hacking.
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Some projects launching airdrops are really genuine and they do what they promise. They give tokens they have promised through airdrops. But most of the airdrops are not genuine from my experience. I have also signed up for many airdrops. But only a few of them have given me the promised rewards. Airdrop tokens can be sold on the projects are listed on exchanges.
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I think cryptocurrency projects restrict people of some specific countries from buying their tokens just because of the law of the specific countries. Crypto projects are bound to abide the law of the country where they are registered. Some of them do not provide bounty rewards to the countries where cryptocurrency is considered illegal.
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I have some 400 ethplode tokens I got from airdrops. There are another coin called BTCplode being distributed through airdrops. The main purpose of providing free tokens through airdrop is advertisement. Airdrops draw attention of traders to tokens and sale volume of tokens launching airdrops increase.
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You have come up with a wonderful idea to divide your investment in multiple coins. Investing in multiple coins give anyone more possibility to avoid loss and earn more benefits. For me, some of the coins you have mentioned are investment worthy like Ethereum, BNB, Ripple, litecoin, enjin, iota, cardano, stellar, ontology, eos, tron, zcash and dash.
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