I think there is a lot of stable coins out there to choose from and not just limited to USDT alone, so why we bother ourselves with it, but let's accept the fact that USDT is most used USdollar-backed stable coin in the market, so if you don't trust USDT, then you can pick other US dollar-backed stable coins like USDC, PAX, etc and even the Gold-backed stable coins if you wish. IMO, centralized or decentralized aspect is not a big deal to me as long as there is an option to choose.
yea USDT is most popular among exchanges and it has most trading pairs available. But i agree there are lots of other stable coins as well. It all depends on which school of thought you believe or follow if you listen to Chico Crypto on youtube he has done numerous video's on the shady things that are going on with USDT. |
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Yes as if some cryptocurrencies do not support a fiat transaction, stable coins will become the solution. And Also in times of volatile market stable coins are the choice of every trader in uncertain times. I think In future we may see government backed stable coins on blockchain unlike petro dollar which isn't widely accepted.
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Myetherwallet is one of the best desktop wallets you should choose. You can easily create a wallet and manage it, just don't let your private key be exposed, I believe your money will always be safe.
yes i agree been using it since 2017 along with MetaMask and never had any issues with it. Clean simple, lightweight and secure wallet even it lets you make transaction offline and for sending you need internet connection. On top of that it doesn't require any special installation, just a browser is needed to operate. |
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Here are few good resources to find the good projects one is managed by cryptoaddictchie and his thread is updated quite often you can see the safe campaigns here Another one is managed by Akiko and it's about exchange able tokens you can find it hereThere are few good projects out there but you have to do bit research to find good ones. Talking about 2019-2020 i think one of the best campaigns was that of origin protocol which was conducted in multiple phases and rewards were very good. |
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yep it can affect the reputation of the project if these people keep calling scam projects. They should know that this bear market can also affect the projects, it is difficult to reach their goal if the market is still down.
As long as new projects delay distribution of tokens, they will be considered scam projects. That's the thinking of bounty hunters, they often use unsuitable words for new projects if those projects decide to delay the token distribution. yes it's true but sometimes it's mismanagement and lack of planning on the team's end as well. I am not saying that company or project is to be blamed, I think this type of situation can be solved by effective and respectful communication. There are many projects out there who doesn't even bother to post regular updates on social media to keep the investors and community in the loop that's is where people get the idea maybe they left and it's is a scam. |
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Since the corona virus spreads, everyone in the world is encouraged to stay at home. And while staying at home there must be a solution
for make money. And cryptocurrency can be a solution to make money, but in my opinion it can't be by airdrops and bounties. Because the
distribution of tokens can take months, that's also if the projects aren't scams. So the most effective way to produce crypto is by trading,
but before trading learn the knowledge so as not to experience losses.
Exactly, we cannot make money with airdrop and bounty in a short time. It will take us several months to participate in their bounty, and then we have to wait the next few months for them to be able to distribute the token. It's a very long process and I think we should find other ways to make money yes it's a gamble now a days after all that effort put into the bounty you are still not 100% sure that you will get the tokens in the end as many delay the distribution and others are just worthless in the end. But every now a then you find few airdrops and bounty that worth your time and effort. So for guaranteed reward i think you can try coinbase earn |
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if the rumors are true and binance is taking over cmc then i think in terms cmc listing we may see some improvements as most of the shit coins/tokens will not be listed (hopefully) and i hope they show the real exchange volume for all other exchanges as well and don't manipulate the data for any personal gains. Lets see how other major exchanges see this move
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And we thought it was just a joke, look its April 2 but the listing on CMC still is there. Yobit took advantage of it to make money. What makes if stupid is that it says "OUT OF STOCK" but yobit still pull out its best trick. I got a notification yesterday on a telegram group that Yobit has listed Toilet Papet Token. Surprised. It is an ERC20 token. Last 24 hour volume is 822 BTC, that's not a joke. https://yobit.net/en/trade/TPT/BTC, who is the token creator? yobit? It should have been in the WipeChain buts its on ERC, I suspect investors would have to swap it too if its listed apart from the Shitake.  yes exactly i thought it was a April fools day joke as it was also posted on reddit , twitter and everyone was enjoying the prank but i am surprise to see that this managed to generate 822 BTC in volume!! |
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i would recommend you to look into DEFI infrastructure projects based on ethereum such as chainLink and 0x etc you can find lots of solid projects who are collaborating with tech giants. You can access this here : https://defiprime.com/infrastructure |
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i think the projects without any working product or prototype are all always bit risky both for investors and bounty hunters.
The things we should be looking into as both investor and bounty hunter is to see if the project social media accounts are managed properly e.g when was the last post and how was the engagement from the community. As many project buy fake followers/subscribers and engagement is NIL most of the times.
Similarly linkedin profiles of team members and github activity are also a solid indicators to filter out the shit tokens and coins.
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Limiting the number of cryptocurrencies is a shit idea. We either go fully decentralized or I'd rather stick with fiat. Although there are so many shitcoins out there, we have to remember we are all free to do anything we like on here. I don't support scams and shitcoins, but you can't limit the idea of freedom.
If there were only 20 coins out there, the prices would probably look way more stable and we'd have no more pumps and dumps. I believe there's going to be a day when shitcoins will disappear off CMC and exchanges and only the legit and strong ones will survive. Time will tell.
Yes i absolutely agree with you only those alt's will survive that have good and working product with active development team. If you see the ico stats many of the projects are dead. And talking about limiting the coins to 20 is not practical like in every day life we see same product available from many different manufactures. So if there is demand someone will eventually supply that .. |
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in term of secure digital payments with low transaction fees the opportunity is huge. In term of mass adoption there is long road ahead as most governments won't use decentralized model. We may see some governments issuing centralized crypto in the future.
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I don't think the crypto market will recover because day by day the rates of getting infected and death are rising so it is difficult to tell if we can see the market recover unless the corona virus is no more in this world.
Covid-19 will last until the vaccine is available, but I think it will take a lot of time to research because there is not much information to date. I am currently unemployed because my main job is postponed and this is really the most difficult time in my life. Anyway, I still make a profit in this market and hope things will soon return to normal because I feel very tired in recent times. I hope things get better for you and everyone around the world. Especially daily wage workers worst hit by this lockdown. Yes i agree until this pandemic isn't over markets are uncertain people need food and other necessary groceries to meet everyday needs. Before this crisis things were positive for crypto as no.of bitcoin wallets were at all time high. Ethereum defi ecosystem was growing and everyone was looking forward to the next bull-run which many believe will start near btc halving event. But now everyone is unsure. |
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well in the short term due to covid-19 panic all over the world people need cash to buy stuff ..so if this pandemic continues further we might see people selling their crypto for fiat so that the buy everyday groceries. But as we reach the btc halving we might see some buying provided this cronavirus crisis are over by then.
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Ether because Ethereum opens up a wide range of new possibilities, especially in the field of DeFi. Apart form ETH i think chainLink and cardano are other two major alts that are considered as good picks from many crypto enthusiasts.
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In term of privacy another project is LOKI main objective of this project is to make secure transactions and anonymous communication. They have a private messenger called "Session" there is one of EOS blockchain called sense Chat And for ethereum block chain we have E-chat though i havn't used all of them except status i used that for a while last year as i bought few tokens. Telegram TON is another upcoming project to look out for |
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